Egypt's bourse makes it biggest one-day gain in five months after President Mohamed Mursi scrapped a decree that triggered a political crisis, while Saudi Arabia's measure ends flat.
In Cairo, foreign investors are net buyers against Arab regional and Egyptian sellers.
"We think this is political buying from offshore funds by supporters of the current regime," says Osama Mourad, chief executive of Arab Finance Brokerage. "It gives the impression that everything is fine."
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